Q: When are property taxes due in Yellow Medicine County?
A: Property taxes are due by November 15th for the current tax year. The first tax notices are typically mailed in March.
Q: What tax credits are available and do they require application?
A: Most tax credits require application and are not automatic. Common credits include the Homestead Credit (requires annual application), Senior Citizen Property Tax Deferral (application due by November 1st), and various disability or veteran credits. Contact the county assessor's office for specific application requirements and deadlines.
Q: How does the Homestead Credit work?
A: The Homestead Credit limits the annual increase in your home's assessed value for tax purposes, typically capping increases at around 10% per year rather than allowing unlimited growth based on market value. This is not an exemption but a growth limitation, and it requires filing an application with the county assessor.
Q: When are properties assessed and how can I appeal?
A: Properties are assessed annually as of January 1st. Assessment notices are typically sent in spring, and you have specific deadlines to appeal to the local Board of Appeal and Equalization, usually in April or May. Contact the county assessor's office for exact appeal deadlines and procedures.
Q: What are the penalties for late payment?
A: Late payments incur interest and penalty charges. After November 15th, unpaid taxes begin accruing interest, and additional penalties may apply. Extended delinquency can eventually lead to tax forfeiture proceedings.
Q: Can I pay my property taxes online?
A: Check with the Yellow Medicine County Treasurer's office for current online payment options and accepted methods. Many Minnesota counties offer online payment systems for property taxes.
Q: Why did my taxes increase when I didn't make improvements?
A: Tax increases can result from rising property values, changes in tax rates set by various taxing districts (county, school district, city/township), new special assessments, or the expiration of previous tax credits that required reapplication.
Q: What special district taxes might apply to my property?
A: Depending on your location, you may pay taxes to school districts, watershed districts, township or city governments, and special assessment districts for improvements like roads or drainage. Each district sets its own levy rate, which explains why tax rates vary significantly within the county.
